GBP Trading Outlook (09-01-2012)

The Sterling (GBP) UK House Prices fell -0.9% in December according to Halifax and shows that the UK housing market is continued to decline. The GBP/USD tracked the Euro lower to 1.5400 and is struggling to hold gains lately. EUR/GBP is still a source of support with the grind lower continuing and 0.8250 broken in Early Asian Trade Monday.

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